Posts Tagged Economy

Sales of new US homes plunge 14.5 percent in March

In this photo made on Friday, March 28, 2014, construction continues on a housing plan in Zelienople, Pa. The Commerce Department releases new home sales for March on Wednesday, April 23, 2014. (AP Photo/Keith Srakocic)

WASHINGTON (AP) — The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate’s spring buying season is off to a weak start.

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Q&A: A French economist’s grim view of wealth gap

This undated photo provided by Harvard Press shows French economist Thomas Piketty. In his new book, Piketty, who helped popularize the notion of a privileged 1 percent, sounds a grim warning: The U.S. economy is beginning to decay into the aristocratic Europe of the 19th century. (AP Photo/Harvard Press, Emmanuelle Marchadour)

NEW YORK (AP) — If you’d like to live in Downton Abbey, the good news is that our economy has entered a second Gilded Age of opulence and elegance.

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Man United’s brand strength softens blow of slump

This Saturday, April 5, 2014 file photo shows Manchester United's manager David Moyes during their English Premier League soccer match against Newcastle United at St James' Park, Newcastle, England. Moyes was fired as Manchester United manager on Tuesday, April 22, 2014, paying the price for the club's spectacular and sudden decline in his 10 months in charge since replacing Alex Ferguson.(AP Photo/Scott Heppell, File)

LONDON (AP) — Manchester United’s owners will be relying on the strength of the club’s brand to soften the impact of a sudden downturn on the field this season.

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First lady announcing one-stop job site for vets

FORT CAMPBELL, Ky. (AP) — To help veterans leaving the military as it downsizes, the government on Wednesday started a one-stop job-shopping website for them to create resumes, connect with employers and become part of a database for companies to mine.

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Correction: Earns-Discover Financial story

LOS ANGELES (AP) — In a story April 22 about Discover Financial earnings, The Associated Press reported erroneously that the company plans to launch a direct checking service next year. The service is planned for this year. The error was left in the story due to a technical glitch.

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